The bill enacts R.S. 17:3088.1, which addresses the management of Achieving a Better Life Experience (ABLE) accounts for deceased designated beneficiaries in Louisiana. Upon the death of a designated beneficiary, the program account established for them will be terminated. Any remaining funds, after covering the beneficiary's qualified disability expenses, can be transferred according to the account owner's specifications to another ABLE program account or to the beneficiary's estate. If no transfer instructions are provided, the remaining funds will be deposited into the Disability Services Fund.

Additionally, the bill prohibits the state from filing claims for payment or seeking recovery of any amounts left in the deceased beneficiary's program account for expenses that were already qualified. This provision ensures that the funds are protected from state claims, allowing for a more straightforward transfer process for the remaining account balance. The bill will take effect upon the governor's signature or after the designated time period for bills to become law without a signature.